Plastic products manufacturer Sintex Industries will announce its third quarter earnings today. Here is what the poll of CNBC-TV18 analysts expect from the company.
Earnings Q3FY14 Y-o-Y Consolidated-Total income may go up 11.4 percent to Rs 1,590 crore versus Rs 1,427 crore-EBITDA may rise 12.4 percent to Rs 247 crore from Rs 220 crore-Operating profit margin may expand 10 basis points to 15.5 percent versus 15.4 percent-PAT is seen going up 99.5 percent to Rs 107 crore versus Rs 53.6 crore
Company had a big forex loss of Rs 45 crore in a year ago period. Adjusting for which, PAT last year comes to Rs 98.6 crore.
Expectations-Expect 30 percent growth in pre-fab business and around 20 percent growth in overseas custom moulding business-A slowdown in monolithic business on the back of delayed payments and stagnant order book will more than offset a strong growth in pre-fab business-While domestic custom molding is expected to pose a de-growth on continuing automotive slowdown, overseas custom molding business (NIEF and Wausaukee) to report better performance on rupee depreciation-Monolithic business is expected to post 23 percent Y-o-Y de-growth
Key issues to watch out for-Outlook in monolithic business and improvement in working capital-Operations stabilisation in recent acquisitions in Germany and Poland, along with outlook on overseas composite business-Capex plan in textile business
Management guidance for FY14-Company guided for 15 percent consolidated sales growth in FY14 and margin expansion of around 1 percent
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